, Johnny Ohisa Damian, to take the lead in reforming the banking sector and addressing the ongoing liquidity crisis, as part of broader efforts to restore public confidence in the country’s financial system.){kind=link}
By Otto Abut
President Salva Kiir Mayardit has tasked the Governor of the Bank of South Sudan (BoSS), Johnny Ohisa Damian, to take the lead in reforming the banking sector and addressing the ongoing liquidity crisis, as part of broader efforts to restore public confidence in the country’s financial system.
President Kiir made the remarks on Monday, 26 January 2026, during the swearing-in ceremony of Johnny Ohisa Damian, who was reappointed for a third consecutive term as Governor of the Bank of South Sudan.
The President urged the Central Bank to implement sound and disciplined monetary policies aimed at stabilizing the economy and strengthening financial institutions. He identified three key national priorities requiring full financial support: peace and security, economic recovery, and the conduct of general elections.
President Kiir further directed the Bank of South Sudan to work closely with the Ministry of Finance and the broader macroeconomic team to ensure coordinated efforts toward economic stabilization.
In his acceptance speech, Governor Johnny Ohisa Damian emphasized the need to diversify the national economy, highlighting investments in the gold purchase project as a strategic initiative to boost national revenues and reduce dependence on oil.
The Bank of South Sudan plays a critical role in the formulation of monetary policy, banking supervision, and the maintenance of financial stability, areas that officials say are now central to renewed efforts to resuscitate the economy.